Monthly Rent Report
Palms Rent Report — January 2024
Asking rents in ZIP 90034, Los Angeles, from 382 listings.
Median 1BR rent in Palms was $2,300 in January 2024, down 11.5% (−$300) from December 2023 and down 24.3% year-over-year. The middle half of 1BR listings asked between $2,125 and $2,950. That puts Palms $204 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 382 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | +$160 (+8.7%) | −$143 (-6.7%) | $1,625 – $2,273 | 50 |
| Studio | $1,845 | +$10 (+0.5%) | −$293 (-13.7%) | $1,845 – $1,845 | 1 |
| 1BR | $2,300 | −$300 (-11.5%) | −$740 (-24.3%) | $2,125 – $2,950 | 129 |
| 1BR | $2,700 | +$100 (+3.8%) | −$340 (-11.2%) | $2,700 – $2,700 | 1 |
| 2BR | $3,238 | +$353 (+12.2%) | +$758 (+30.5%) | $2,895 – $3,695 | 134 |
| 2BR | $3,710 | +$825 (+28.6%) | +$1,230 (+49.6%) | $2,505 – $4,984 | 4 |
| 3BR | $3,750 | −$550 (-12.8%) | +$575 (+18.1%) | $3,495 – $5,275 | 55 |
| 3BR | $2,948 | −$1,352 (-31.5%) | −$227 (-7.2%) | $2,921 – $2,974 | 2 |
| 4BR | $7,795 | +$295 (+3.9%) | −$4,202 (-35.0%) | $7,795 – $7,795 | 1 |
| 4BR | $7,495 | −$5 (-0.1%) | −$4,502 (-37.5%) | $7,495 – $7,495 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Palms vs. Los Angeles — January 2024
| Bedrooms | Palms Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,750 | +$245 (+14.0%) |
| Studio | $1,845 | $1,750 | +$95 (+5.4%) |
| 1BR | $2,300 | $2,097 | +$204 (+9.7%) |
| 1BR | $2,700 | $2,097 | +$604 (+28.8%) |
| 2BR | $3,238 | $2,795 | +$443 (+15.8%) |
| 2BR | $3,710 | $2,795 | +$915 (+32.7%) |
| 3BR | $3,750 | $3,950 | −$200 (-5.1%) |
| 3BR | $2,948 | $3,950 | −$1,002 (-25.4%) |
| 4BR | $7,795 | $5,200 | +$2,595 (+49.9%) |
| 4BR | $7,495 | $5,200 | +$2,295 (+44.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.